Swiss regulator to draft rules on undeclared funds
Switzerland's financial regulator FINMA will shortly draw up rules setting out the conditions under which banks can manage funds of foreign clients that have not been declared for tax, it said on Saturday.
Palm oil : on a slippery surface!
Faced with the rising stocks on fresh arrivals in Malaysian markets and reduced imports by major consumer markets like India seems to be putting crude palm oil prices on a slippery surface in the coming months with first four months of the current oil year (November 2009 to Octrober 2010) showing not so significant rise in the oil imports in India.
Bhushan Power plans Rs 1,000-cr steel plant
Steel industry in India is on a song now with more and more investments flocking to the country. After multi-national firms like Posco and ArcelorMittal unveiled their plans to set up shop in India, Bhushan Power and Steel Ltd (BPSL) announced its plans to set up a cold rolling mill complex with a capacity of three lakh tonnes in the western region of the country at an initial investment of Rs 800-1,000 crore.
'Silver gives better opportunity for investments'
Mumbai-based Prithviraj Kothari, Managing Director, RiddhiSiddhi Bullions Limited (RSBL) one of the largest bullion trading companies in India is of the opinion that silver is the next big opportunity for investing after gold, which is found falling short in meeting investors' expectations for steep growth in returns. In an interaction with Rutam Vora of Commodity Online, Kothari shared his views on better investment opportunity available in India and the company's future plans of introducing ne...
British Airways cabin crew stage second strike
British Airways cabin crew began a four-day strike on Saturday, the second walkout this month that will cost the company millions of pounds and lead to more travel chaos before the busy Easter holiday period.
Pregnancy benefits breast cancer survivors
According to research presented at the European Breast Cancer conference held in Barcelona, Spain from March 24 to 27, women who become pregnant after surviving breast cancer may actually improve their survival odds, but women with a postpartum diagnosis of breast cancer have increased mortality in comparison to other women diagnosed with the disease.
Cancer patients undergoing mastectomies don’t get increased survival rate
Cancer victims who have a breast removed do not necessarily live longer, a new study concluded. Researchers said some patients with breast cancer appear to live just as long whether they choose treatment preserving their breast or have mastectomy.
Fed officials leery of unconventional policies
The Federal Reserve's unprecedented dose of stimulus to the economy during the recent financial crisis complicates the task of pulling back when the time is right, top central bank officials said on Friday.
MGM creditors to discuss standalone plan
Metro-Goldwyn-Mayer's steering committee will meet with creditors to present a stand-alone plan for the famed studio next week, sources familiar with the matter said.
AT&T sees $1 billion healthcare related charge
AT&T Inc said on Friday it would record a $1 billion non-cash charge for the current quarter related to the new U.S. health care reform law, as lawmakers called on the company and three other large employers to testify about expected cost hikes.
Bankers named suspected conspirators in muni case
Nearly 30 bankers from more than a dozen financial companies have been named by the federal government as suspected co-conspirators in a broad investigation into pricing of certain municipal derivatives, according to court documents.
AT&T sees Q1 $1 billion healthcare related charge
AT&T Inc said on Friday it would record a $1 billion non-cash charge for the current quarter related to the new U.S. health care reform law signed by President Barack Obama this week.
Economic growth revised slightly lower in Q4
The U.S. economy grew at a slightly less brisk pace in the fourth quarter than previously estimated and the momentum is expected to slow this year as a boost from inventories fades.
Wall Street flat on Korea nerves, Oracle hurts Nasdaq
The Dow and S&P ended flat on Friday, giving back earlier gains after the sinking of a South Korean naval ship, while tech shares' weakness kept the Nasdaq in slightly negative territory.
European 2010 Capitals of Culture
Do you know about the European Capitals of Culture program? If not, you should. Europe's been a hotbed for culture and history for centuries, and modern Europe continues to embrace this strength by highlighting a few of its special cities each year.
Jobless aid could halt after Congress fails to act
Hundreds of thousands of jobless Americans could once again face a disruption in their unemployment benefits after Congress failed to extend them on Thursday.
Loan program overhaul ends uncertainties at Sallie Mae
The days of Federal subsidies may be gone at Sallie Mae following the Congressional approval to an overhaul of the college student loan program, but it does end the legislative uncertainty at the largest U.S. student loan provider.
New U.S. retirement plan rules could hit brokers
Proposed regulations that restrict how financial advisers can work with company retirement plans could send brokers advising small businesses scuttling out of the market.
How to Enjoy a Resort Trip if You’re Not Really a Resort Person
Whether it's the dead of winter - that time of year when those in colder climates often flock to warm-weather destinations to escape the frigid temperatures - or your annual summer vacation, resorts in tropical locations entice the traveling public with some downright bargain vacation packages, many too good to pass up.
Bankers named as suspected conspirators in muni case
Nearly 30 bankers from more than a dozen financial companies have been named by the federal government as suspected co-conspirators in a broad investigation into pricing of certain municipal derivatives, according to court documents.
Euro zone's Greek deal wins muted approval
Euro zone leaders won muted approval from financial markets on Friday for a band aid agreement to create a safety net for debt-ridden Greece, but a row over the IMF's role flared up just as it had seemed settled.
Fitch: reforms mostly a plus for U.S. bank ratings
Proposed reforms for the financial system should reduce the extent of risk-taking by the biggest U.S. banks and may bolster their ratings, Fitch Ratings said on Friday.
Find a job in tough economic times: Thinking outside the box
What can you do to be competitive when looking for a new job?
How to answer Illegal Interview Questions
Federal and state laws world wide prohibit potential employers from asking certain questions that are not directly related to the job they are hiring for.
The Equipment-Free Workout: No Equipment, No worries
Stuck at home or really just don't feel like hitting the gym or health club? Well, some of the simplest and most beneficial workouts can be done with no exercise equipment whatsoever.
Wall Street slips on Korea worries and Oracle's drop
Stocks dipped on Friday on geopolitical worries after the sinking of a South Korean naval ship, while a drop in Oracle's stock weighed on the tech sector.
Nokia buys mobile browser firm Novarra
Top mobile phone maker Nokia has agreed to buy privately-held U.S. mobile browser firm Novarra to improve Web surfing on a wide range of its low-end and mid-range phones.
Healthcare changes head to Obama for signature
(Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Friday formally signed and sent to President Barack Obama the final installment of landmark healthcare overhaul legislation.
When will migraine strike? Most don't know
NEW YORK (Reuters Health) - Most migraine sufferers have no idea when their next headache will strike, according to a survey of 900 people with the painful headaches.
Swine flu virus not so new, study finds
(Reuters) - The H1N1 swine flu virus may have been new to humanity in many ways but in one key feature its closest relative was the 1918 pandemic virus, researchers reported on Wednesday.